2017 Construction! No Rent Control! 149 W Colden Ave is a FULLY VACANT 2-unit multifamily investment opportunity in one of Los Angeles' fastest growing neighborhoods, offered at $1,060,000. Upon stabilization, the property is projected to achieve an attractive 6.68% Cap Rate and a 11.04 GRM. In-place rents are at or near market, offering immediate, stabilized cash flow. Built in 2017, the property totals approximately 3,729 SF on a 5,840 SF lot ($284/SF). The property features a unit mix of (2) 5+3, with 6 on- site parking spaces. Both units will be delivered fully vacant and move-in ready, allowing a new owner to lease at market rents immediately without the challenges of tenant relocation. Once fully leased, the property is projected to generate $8,000 in scheduled monthly rental income. Whether for an investor seeking strong cash flow or an owner- user looking to occupy a unit while maximizing rental income from the remaining unit, 149 W Colden offers exceptional flexibility and upside. 149 W Colden Ave is well positioned in Los Angeles, CA 90003, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.
| MLS # | SB26197696 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 9 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Aaron Jacobson |
| SQ Feet | 3,729 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.13 |
| Lot Features | Zero To One Unit Acre |
|---|
| Garage Yes / No | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Suburban, Sidewalks, Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,060,000 low | high Med: $699,999 sqft: 3,729 low | high Med: 2,004 $ / sqft: $284 low | high Med: $349 On site: 9 low | high Med: 0 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,060,000 low | high Med: $699,999 sqft: 3,729 low | high Med: 2,004 $ / sqft: $284 low | high Med: $349 On site: 9 low | high Med: 0 | |
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